Settings8H · net · $10k
Funding arb · Price arb /

牛来

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0776%/8h= −85.0% APRnext payment $3.88 per $10,000 · paid last 24h −0.250%
Price spread now: SunX against Bitget−0.201%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1301.300% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.827%−$83 on $10k
Price spread, last 4 days (all we have)+0.374%+$37 · spread now −0.201%, 7d avg −0.113%
Together, before fees−0.453%−$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and SunX is 0.087% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget 牛来USDT0.10470.0876pay 0.0438% / 4h3h 41m$1.7M$4.7M10x
ShortSunX 牛来-USDT0.10450.0100get 0.0050% / 4h3h 41m$998$423K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$162.96
Price spread: −0.201% → −0.113%
−$8.74
Slippage, 4 orders
−$110.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$301.73
Costs to cover
1.300%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago9.09 bp32.7 bp −$33105.6 bp −$1,056doesn't fitdoesn't fit
Sell SunX live order book, 40 min ago19.74 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit

牛来 on 6 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 牛来USDT+0.0100%4h0.1044−0.266%$31.9M$81.6M10xas long as short
SunX 牛来-USDTshort+0.0100%4h0.1045−0.201%$998$423K10x
HTX 牛来-USDT+0.0100%4h0.1045−0.220%$136K$979K20xas long as short
Gate 牛来_USDT+0.0172%4h0.1044−0.277%$2.9M$5.7M20xas long as short
Aster 牛来USDT+0.0447%4h0.1043−0.371%$573K$464K10xas long as short
Bitget 牛来USDTlong+0.0876%4h0.1047long leg$1.7M$4.7M10x